IntelliFlo CEO Nick Eatock, who will keep a significant interest in the company with the rest of the senior management, said, “I am delighted to be partnering with HgCapital for the next stage of development of IntelliFlo.

“With the support of an expert investor, we intend to continue to invest and deliver even better products for our customers in the post-RDR era.

“I am also delighted that the wider team is re-investing with me and wish to thank my departing co-founder Jamie Coats for his personal contribution to making IntelliFlo the successful business that it is today.”